Cipher Mining (NASDAQ:CIFR) Trading Down 9% After Insider Selling

Cipher Mining Inc. (NASDAQ:CIFR) shares dropped 9% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $20.20 and last traded at $20.2750. Approximately 3,898,619 shares were traded during trading, a decline of 86% from the average daily volume of 27,910,035 shares. The stock had previously closed at $22.29.

Specifically, COO Patrick Arthur Kelly sold 48,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $19.36, for a total transaction of $929,280.00. Following the completion of the sale, the chief operating officer owned 1,451,856 shares of the company’s stock, valued at $28,107,932.16. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

Several brokerages have issued reports on CIFR. Wall Street Zen lowered Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Rosenblatt Securities raised their price objective on shares of Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on shares of Cipher Mining in a research note on Thursday. They issued a “buy” rating and a $32.00 price objective for the company. Cantor Fitzgerald dropped their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Zacks Research raised shares of Cipher Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.87.

Key Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham & Company raised its price target on Cipher Mining from $22 to $25 and reiterated a Buy rating, signaling continued upside potential from current levels.
• Positive Sentiment: Jefferies upgraded Cipher Mining to Strong Buy, adding to the cluster of bullish broker calls on the stock.
• Positive Sentiment: HC Wainwright lifted earnings estimates for Q2, Q3, Q4 and full-year 2026 while keeping a Buy rating and a $30 target, suggesting analysts see improving operating performance.
• Positive Sentiment: Northland Securities slightly raised its Q2 2026 EPS estimate, which also points to modestly better near-term results than previously expected.
• Neutral Sentiment: Crypto-miner stocks with AI exposure were highlighted in an Investopedia article as potential winners, reinforcing the broader positive sentiment around the sector. Bitcoin Miners That Got Into AI Have Soaring Stocks. These Experts See More Gains Ahead
• Negative Sentiment: COO Patrick Arthur Kelly sold 48,000 shares worth about $929,280, which can create some investor overhang even though he still retains a large position.
• Negative Sentiment: Despite the upbeat analyst notes, Cipher Mining’s latest earnings report missed estimates on both EPS and revenue and the company remains unprofitable, keeping fundamental risk in focus.

Cipher Mining Price Performance

The stock has a market cap of $8.31 billion, a P/E ratio of -8.78 and a beta of 3.13. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The business’s 50-day simple moving average is $16.50 and its two-hundred day simple moving average is $16.92.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The business had revenue of $34.84 million for the quarter, compared to analysts’ expectations of $36.12 million. Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The business’s quarterly revenue was down 28.8% on a year-over-year basis. Sell-side analysts expect that Cipher Mining Inc. will post -0.9 EPS for the current year.

Hedge Funds Weigh In On Cipher Mining

A number of large investors have recently made changes to their positions in CIFR. Thames Capital Management LLC bought a new position in Cipher Mining in the 3rd quarter worth about $19,070,000. Vanguard Group Inc. lifted its holdings in shares of Cipher Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock worth $287,236,000 after buying an additional 2,699,717 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cipher Mining by 138.2% in the third quarter. American Century Companies Inc. now owns 1,406,864 shares of the company’s stock worth $17,712,000 after buying an additional 816,198 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Cipher Mining by 15.7% in the third quarter. Private Advisor Group LLC now owns 1,789,462 shares of the company’s stock valued at $22,529,000 after acquiring an additional 242,894 shares during the period. Finally, Tyche Wealth Partners LLC grew its stake in Cipher Mining by 119.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $1,697,000 after acquiring an additional 62,500 shares in the last quarter. 12.26% of the stock is owned by institutional investors.

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.